That threatens to disrupt its ambitions to transform China into a prosperous consumer society and global technology leader. A meeting of the party’s Politburo decided “China will introduce major policies and measures to actively deal with the ageing population”, the Xinhua News Agency said. It said they agreed that “implementing the policy of one couple can have three children and supporting measures are conducive to improving China’s population structure”. Leaders also agreed China needs to raise its retirement age to keep more people in the workforce and improve pension and health services, Xinhua said. Leaders at Monday’s meeting agreed it is “necessary to steadily implement the gradual postponement of the legal retirement age”, Xinhua said.

Source: Irish Independent May 31, 2021 08:26 UTC